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SFGTV2
Oct 8, 2012 11:00am PDT
news views and ideas on the new collaborative economy. we're interested in it because it has aspects that have piqued our interest, about hoour environment, how to improve life for more people, how to make an expensive city more affordable to more people, how to utilize the strengths of the city as a great tourist city. how we can get more folks to come and experience the wonders of the city. maybe they will make their stake here. these panel members have decided to make their stake here. they risked reputation, may be small amounts of money. if they had a lot of money, they may not have had to start this. they have also done it for the right reasons. they want to experience the city in a different way, but one that is in the tradition of san francisco and is reflective of mine, welcoming more people to share in the economy. hopefully the right reasons will create more jobs and get more entrepreneurs involved. i have often said this can be the city for the 100%. everybody can have a chance to fulfill their dreams and make sure they can have a stable income for themselves and their fa
CSPAN
Oct 8, 2012 7:00am EDT
the economy on both sides of the debate, and felt that it wanted to try my hand at clarifying it. i felt like i needed to make my contribution as best i could, because i done that at bain capital and felt like i need to try something different and it and i had to try to do something that was important. >> host: you mentioned of bain capital. there's a lot of interesting ideas and thoughts in this book. maybe you could tell me where these ideas come from. i these ideas that are developed over a long time from your career in finance? who are your influences in how you think about the economy and what's in the book? >> guest: they probably, it evolves from debates i had with young kids that came out of top schools, came to work for first been consulted and bain capital who wanted to argue economics and politics, and i can't think when you get to be 40 or 45, and i think it evolves from that. but i also benefited greatly from a friendship i had with bruce who is a professor at columbia who i was able to make the arguments to any would frankly say you're right on this but you're stepping
SFGTV2
Oct 8, 2012 12:00pm PDT
access to the tourism economy that flourishes in the city. >> i just want to address the technology point really quickly. we try and emphasize the human aspect of this, whether it is on the website or whether it is through the iphone app. other people use a device that we built, that lets you share a car more conveniently by letting the richer unlock the car with their smartphone. even with that, we really try to connect the people who are sharing because a lot of people to accept rentals just with the kit and may never meet the people they are sharing with. we tried to encourage the parties to get to know each other, trying to just display your interest or so many things i can think of that our websites due to show who this person really is. they take their photo. i think part of this is about trust, and it is about letting -- the things we do to encourage trust and the things you do as a responsible member of the sharing community to insure you are doing your due diligence as well. when two people -- first off, the one example i want to bring is that a lot of our car owners find a
PBS
Oct 10, 2012 6:30pm PDT
helping the economy make a comeback. a "set back" for stocks, on investor jitters about the global economy. the major averages are now in negative territory for october. is this a buying opportunity or time to take profits? and toyota, once known for quality, announces yet another major recall. does this make toyota less popular with consumers? that and more tonight on "n.b.r."! the nation's housing market appears to be building a new foundation. that's according to the latest snapshot of the u.s. economy released today by the federal reserve. the so-called "beige book" compiles data from 12 fed districts, and it shows residential real estate improved in "all" districts in september. anecdotes from business contacts and economists noted existing home sales strengthened, while prices rose or stayed stable. suzanne pratt takes a closer look at whether the broader economy is also showing signs of strength. >> reporter: here's a shocker: the u.s. economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the busines
NBC
Oct 14, 2012 9:00am PDT
>>> violence plagues oakland. can tech come to the rescue? is the economy on track? the danger of making a big concept through simple metaphors. all of that with kari byron and others here on "press: here." >> good morning. when someone is shot to death, detectives know there will be many eyewitnesses but little cooperation, which is why oakland recently launched an unanimous tip by text system. >> open the door! open the door! >> the tip by text system allows anyone to send in information from a smartphone and for detectives to continue that conversation with the authenticated original tipster without ever knowing who it is. it's one of the products offered by a silicon valley startup with more than 4,500 police agencies as clients including lapd and santa cruz. it's more than just a tip line. it's also a communications system allowing law enforcement to send citizens alert by e-mail, by tweet, by text and by iphone app all localized by neighborhood. eric leu is from nixel. there is potential here to revolutionize the way people are police and the way police do their jobs because
KCSMMHZ
Oct 9, 2012 5:30pm PDT
meetings with little fanfare and little optimism. >> the world economy recovery continues, but it has weakened further. in advanced economies, growth is now too little to make a substantial dent in unemployment. >> reporter: colleagues cut their forecasts for growth worldwide to 3.3% this year. the recovery has suffered new setbacks, they wrote. and uncertainty weighs heavily on the outlook. >> you can call it a general feeling of uncertainty about the future. worries about the ability of european policy makers that control the euro crisis. there are worries about the failure of u.s. policy makers to agree so far on a fiscal plan. >> reporter: he ran through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and
WETA
Oct 8, 2012 12:00pm EDT
the economy continues to falter. >> this country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. >> rose: joseph stiglitz is a nobel prize winning economist. in his new book the price of inequality, how today's divided society endangers our future. he argues that a wealthy minority in this country has fed a vicious circle of growing inequality. i'm pleased to have joe stiglitz back at this table. welcome. >> nice to be here. >> rose: where do you think the american economy is today? and is it trending upwards? >> it's not really trending upward. i guess i would describe it as part of-- i call it a long slump, long malaise unless we do something. >> rose: right. >> you know there are two big gaps in our economy, relative to say 2007 before the crisis. one is real estate. real estate was the big sector, the bubble broke and now real-estate investment is half of what it was. no way that that is going to recover soon. the only good news is the houses were shodly constructed and it may be 5 or 10 years we'll have to reconstruct them. but any
SFGTV2
Oct 8, 2012 11:30am PDT
. this is what brought me to the sharing economy. what i was after was a new way to live in a way that i felt i could live fully. what excites me about sharing is how it changes every day like for the better. it empowers us. the economic shift in the new businesses of creating and exchanging value is creating a new cultural narrative. it is replacing an old legacy narrative that was toxic. it told us the go live comes from shopping and competition -- it told us the good life comes from shopping in competition, from being free from each other. we are leading ving this because it has pushed us to the brink of extinction. it has enslaved as to debt. it is boring. it is spiritually empty. there is a news story being born in san francisco. it is one where the more you contribute to the common good, the more you are respected. the better you believe in committee, the more access to what you have -- the better you behave in a community, the more access you have. instead of judging each other, we help each other and realize our greatest potential. we open our world to each other. through doing
PBS
Oct 5, 2012 6:30pm PDT
the data and what it says about the u.s. economy. >> reporter: 3-tenths of a percent does not seem like much. but, when it comes to the nation's unemployment rate, a 3- tenths of a percent drop is actually staggering. the unemployment rate now stands at 7.8 percent. that's the lowest level since january 2009, when president obama took office. even more remarkable is the reason for the drop. >> the unemployment rate decline was not because people dropped out of the labor force. to the contrary. the labor force actually but the household survey estimate of employment increased even more. >> reporter: the household survey shows total employment rose by 873,000. that's the biggest gain since ronald reagan was president. but there's a catch. two-thirds of those jobs are part-time positions, taken because no full-time work was available. and there's another troubling sign: >> what we have is hiring that is concentrated, most recently, in the government sector. hiring that is concentrated, most recently in education and healthcare. a little bit of positive news coming from construction. b
PBS
Oct 8, 2012 7:00pm PDT
in a very slow economy. so i think that in this particular third-quarter earnings period the chance of a good surprise, a meaningful good surprise or a meaningful disappointment, it's pretty low. the street expects poor earnings comparison. that is what we're going to get. whether you are a couple percent decline or a couple percent gain. it's really not that much different. so it's looking ahead. remember earnings are a trailing indicator. >> so are we going to get a surprise or a disappointment you think from alcoa. everybody looks at this as setting the tone for trading as you mentioned. it will be the first dow component to report. it also when you look at the company, it has businesses in autos, aerospace, packaging, construction, so it is kind of a bellwether for the economy. what will those alcoa earnings tell us. >> well, alcoa reports first all the time, obviously. and i don't think that is a good idea to use that as a bellwether for earnings. think of the sector that alcoa is in. materials are going to have some was comparisons, really, energy and materials are going to be
CNN
Oct 13, 2012 9:30am EDT
glory of rome. dramatic, i know, but happy saturday. are we closer to fixing this economy before it is too late? some recent signs of recovery say yes. unemployment down the 7.8%, and that the lowest rate since president obama took office. claims for first time unemployment benefits fell to levels not seen since 2008, and some technical details going on there, but the trend is clear. and real estate collapse got us into the mess, but now the housing prices are timely starting to rise. i will say it again, housing prices are starting to rise and foreclosures fell to five-year lows last month. so how do we make sure that the economy really heals? two different philosophies and one being very big election coming up to fix it. president obama says that the businesses need the tax incentives to create more jobs, and he says that the government needs to step in and the government needs to invest in programs now that can pay off later. manufacturing, green energy, instra trui inf infrastructure and aid for state and local governments. mitt romney says to get the government out of the way.
FOX Business
Oct 7, 2012 2:30am EDT
suffer it has been the last four years. >> the economy is suffering under the government intervention. we often times don't think of regulations as being a tax. it is a tax not only on wealth creation but individual freedom and take the credit card act that was regulation and pass , a few years ago and had hoped to help the middle class . it made credit more expensive and difficult to get. when government steps outside to protect individual rights wealth and destruction for the middle class and everybody else. >> it is all packed down. you know what, anything you do to corporate america hits my wallit. dodd-frank hits my wallet. wayne said we don't have a comprehensive energy policy. gas prices affect my wallet. nothing is contained. my costs are not contained in the last four years and that is an indirect tax. >> exactly john layfield always say it about the energy policy. but wayne, here is the thing. higher gasoline prices and especially in california, all of that is affecting the middle class and not getting better. it is getting worse over the last several months. >> that's true
FOX News
Oct 5, 2012 9:00pm PDT
don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >> the same administration not telling the truth about benghazi and libya and the death of four americans. there are very important questions that need to
MSNBC
Oct 5, 2012 7:00pm PDT
day for the american economy. >> 7.8. >> 7.8. >> there's no way that's right. >> there are some people out here who don't like this number. >> the harsh back and forth. >> over today's jobs reports. >> now we've sea got jobbers. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up. they're gomg back into the work force. >> i think i get the last word. >> i won't allow that to happen and that is why i'm running for a second term of president of the united states. >>> good evening, i'm ezra klein in for lawrence o'donnell. it's 32 days
WETA
Oct 9, 2012 5:00pm EDT
high in this year's election, with key issues like jobs and the economy, the federal debt, and the future of medicare. tonight's debate is being broadcast on television stations throughout virginia and you can join live conversation about the debate on twitter, hashtag, people's debate. here is a look at the guidelines for tonight's debate. candidates will answer questions from me and our panel of four. for each question, each candidate will have 90 seconds to respond. the other will have 60 seconds for a rebuttal. there may also be a need for an additional rebuttal with a follow-up question which i will ask at various times. at the conclusion of tonight's debate, the candidates will have two minutes each to sum up their thoughts. let's meet the panel. from the league of women voters of virginia, president lynn gordon. from wtvr cbs 6, anchor stephanie rochon. also joining us, the state director of aarp virginia, bill kallio. and from wcve-fm, vice president and general manager bill miller. thank you all for being with us this evening. it was determined by a coin toss that tim kain
KCSMMHZ
Oct 9, 2012 6:00am PDT
weakened further. in advanced economies growth is now too low to make a substantial dent in unemployment. >> reporter: chief economist olivier blanchard outlined factors that are pulling down growth in developing economies, including budget restructuring and a weak banking system. he says is crisis in the eurozone remains the most obvious threat to the global outlook. now, he projected the region's economy will shrink by 0.4%. contrast that with the forecast for emerging markets and developing countries, that coming in at 5.3% growth. but blanchard and his colleagues see the downsides even in that figure. they've revised china's growth down 0.2 percentage points from three months ago, india's down 1.3 points. they forecast an increase of 2.2% in both japan and the united states. and they do predict, as well, stronger growth worldwide next year at 3.6%. blanchard said figuring these things out can make for a complex puzzle. i had the chance to speak with him earlier about what pieces need to fall into place. does seem the recovery is losing a bit of steam. take us where we st
MSNBC
Oct 6, 2012 1:00am EDT
bureau of labor statistics was revising job reports for the last two months finding the economy actually added 181,000 jobs up from 141,000 in august. and in august the economy added 142,000 jobs up from the initially lack luster 96,000 initially reported. so there were in total 200,000 new jobs on this jobs report. president obama tried to put today's good news jobs report in context, campaigning in virginia. >> after losing about 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past 2 1/2 years. this morning we found out that the unemployment rate has fallen to its lowest level since i took office. more americans entered the work force, more people are getting jobs. it's a reminder that this country has come too far to turn back now. >> mitt romney also campaigning in virginia. not as impressed. >> we don't have to stay in the path we've been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month. and the unemployment rate a
FOX
Oct 8, 2012 4:00am PDT
. that's no joke. bernanke is going to keep interrest rates low until there's clear evidence this economy is recovering." niemann says the number of jobs may have picked up, but not enough high-paying ones to stimulate consumer spending. that may keep inflation low, which would not drive up gold. but others believe there are too many variables in the world, and that leads others to think gold may be headed higher. "i think looking at the situation in europe and elsewhere, we're in for a year or so of instability and gold could head to two." "two," as in two thousand dollars an ounce. or is that too much? "i think $2000 is probably years away more than months away. it'll take more than a little growth and inflation to get it going." but some portfolio managers say the latest jobs data "put an end to the idea that [quantitative easingwould last forever. as for gold topping $1800, "we've been getting so close but it has turned into a greater line of resistance than we thought." another variable to watch - seasonal factors may come into play and may encourage etfs, exchange-traded funds, to f
CNN
Oct 6, 2012 4:00am PDT
. economy is continuing to heal from the wounds inflicted by the worst do downturn since the great depression. but the former ceo of general electric jack welch tweeted this. "unbelievable job numbers. these chicago guys will do anything, can't debate, so change numbers." the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at a its lowest level since i took office. >> friday's jobs report shows that america still desperately needs jobs. yet the president's central and so sole proposal means fewer jobs. >> finally start doing something to acatually help the middle class get ahead. >> we can't afford four more years like the last four. falling incomes, rising prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as firefighters, cops. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abroad should have to fight for a job when they come home. >> i understand that
KCSMMHZ
Oct 11, 2012 6:00am PDT
increases will drive down the u.s. economy over what's called the fiscal cliff. central bankers from the u.s. and elsewhere explained how they were using additional monetary easing to curb their common problems. the ministers and governors didn't emerge with any official statements or even give signs of further coordinated action. they said something they've said before -- they'll keep working on it. reiko sakurai, nhk world, tokyo. >>> the head of the imf is asking those around her to draw on the spirit of their hosts. l christine lagarde says she's impressed by the resilience japanese showed as they worked to recover from last year's disaster. she's calling on leaders to share that sense of cooperation. >> we expect action, and we expect courageous and cooperative action on the part of our members. >> lagarde says she and her colleagues unwhat needs to be done. she's urging banking supervisors to complete the job of rewriting the rules of finance. government leaders need to tackle what she calls a legacy of high debt. lagarde says they should focus on getting people, particularly young
PBS
Oct 14, 2012 3:30pm PDT
economy was in free fall. we had the great recession hit. 9 million people lost their jobs. $1.6 trillion in wealth lost in equity in your homes and retirement accounts for the middle class. >> did they come in and inherit a tough situation? absolutely. but we are going in the wrong direction. look at where we are. the economy is barely limping along. it is growing at 1.3%. that is slower than last year and last year was slower than the year before. job growth in september was slower than it was ithan it was in july. we are heading in the wrong direction. >> question. who made the more powerful case on the economy? biden or ryan pat buchanan? >> they both made the case both parties have been making for a long, long time. this debate, john, was an excellent debate. ryan came and presented himself as an intelligent, personable, attractive guy, who you would like a great deal. but the star of the show was clearly joe biden. he had a number of statements he made i thought were excellent. but the issue the next day is that joe biden was boarish, he interfered, interrupted, was contemp
PBS
Oct 12, 2012 4:30pm PDT
on what the federal reserve is doing. when they put all this money into the economy they are 12i78ity-- stimulating housing. citi has problem relating to housing. they are stimulating emerging markets where citi is the strongest. >> all right, let's take a look at some of your other picks besides citi. you like goldman sachs. you have been telling us this all year. and the regional bank suntrust. again, was's the attraction? >> suntrust again is in the southet. it has continuedto have credit problems later than a lot of the other banks. but that's been a bad thingment but now we think it's a good thing. because right now we can still see a lot of positive improvements as we start to see a pick up in the economy and housing and places like florida, can help move that stock back up. so we still like suntrust. >> we just have about 45$p)-sec. a new round of bank stress tests coming up. how do you think banks are going to do. are they strong enough to withstand a financial downturn? >> well, i think they're strong enough. the question is does the fed think they're strongnough. an
FOX News
Oct 6, 2012 10:00pm PDT
campaign t officials and seems clear two battles tonight. one is over the state e of the economy right now. obama is going to say that he has made a lot of progress bute basically going to ask for mor. time to finish the job. t the romney camp says this is where their guy is going to be tough on obama's record in the economy over the last four years and he will say barack obama made a lot of promises in 2008 and hasn't kept the promises. they don't worry about their are guy being likeable and say the key is to stay on offense. the other battle over the plans for the next four years where o obama will be tough on romney and say this is a guy who wants to give tax cuts to the wealthc and to voucherrize medicare. romney will say he is the defender of the middle class. t both sides say this could get heated tonight. >> chris, thank you. >> good evening. >> we go to jim lehrer of pbs moderating this debate. >> i'm jim lehrer and welcome you to the first of the 2012l presidential debates between president barack obama the democratic nominee and former, massachusetts governor mitt romney the
WHUT
Oct 9, 2012 7:30am EDT
excited about the global economy. some of the world's leading economic minds have gathered at the tokyo international tor forum for the annual meeting of the international monetary fund and world bank. nhk's ron madison is there and will be there all week. i was hoping you could break this down for us. what's going on there? >> reporter: there's lots going on. already been a very full morning. lots of people here. we have finance ministers, central bank governors and other officials from 188 member nations all here now to really, you know, try to agree on how to deal with the problems that they share. and as you point out, they do have quite a few of them. of course, we've got the debt crisis in europe. but also another factor is the slowing growth in china. also, political problems on the horizon in the united states as well as other places. now, the economists from the imf have answered some of our questions with their world economic outlook. we'll have the details of that coming up in just a few minutes. now, also finance ministers and central bankers from the group of 7 nations will
CNN
Oct 14, 2012 12:00pm PDT
career and next year. that's the world economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that depends on which of these two roads america takes on election day. i'm going to take you down both paths in this show starting with what 2016 will look look under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. i keep telling you that claim is ridiculous considering the sluggish growth we're seeing right now and the new downward revision. but for the purpose of this exercise, i'm going to take him at his word and presume a historic surge in jobs lies ahead. let's talk about taxes. next i'm going to let governor romney
CNN
Oct 6, 2012 9:30am EDT
economy finally start working again for the middle class? the middle class is stuck in the middle. ♪ here i am stuck in the middle with you ♪ >> the classic song was from 1973, but today's middle class is stuck as two political parties run away from the center. what the middle class needs is a deal. >> let's make a deal! >> to grow jobs and to fix the fiscal cliff. senators are talking about starting to talk. how close are they? those of you in the middle are stuck between a near-term fiscal cliff calamity and a long-term debt disaster. one means a recession and lost jobs. ignoring the other means slower growth and lost jobs. it will take real statesmanship, washington, to tackle both at the same time. meantime, it's the jobs right in the middle that disappear, and majority of jobs created make just 13 bucks an hour or less. you're stuck in the middle of closing arguments of an election year, but the two words that matter most to the middle class, you're hired. and in a moment we will look at whether enough jobs are being added for president obama to keep his job, but i want to start wi
CSPAN
Oct 9, 2012 8:00pm EDT
how the world is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in
PBS
Oct 9, 2012 7:00pm PDT
of how the economy is faring. the stock barely budged in the regular session, closing at $9.13 a share, and was up a few pennies after hours. we're happy to have with us now alcoa c.e.o. klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs
CSPAN
Oct 12, 2012 5:00pm EDT
end of the day. when the economy is much less strong as is the case today, they don't do that. they have no need to do that. there is nothing more potent as a driver of education for those with less skill than a taught labor market and the need to hire. i would suggest to you that those who assert that slow growth and stimulus and what happens in the short run is the short run issue, what is most important is the concept of long run fundamentalss this the crucial point -- miss the crucial point. we are by allowing the economy remains stagnant committing grievous structural sins. we are squandering human capital as people withdraw from the labour force. we are missing opportunities for employment and training for workers in their most formative years. we are running an active set of measures that discourage investment in finding the most disadvantaged workers and we are providing limitations on the incentive to invests in research and development as a product of tomorrow. how then to think about our current situation and the strategy for moving forward? it is i think right to say tha
ABC
Oct 7, 2012 8:00am PDT
theory, talk down tax cuts, eviscerating the investments we know we need to grow our economy from the middle out rather than from the top down. look, i know vice president biden. i know he's looking forward to having a spirited exchange about ideas. i simply hope this, i hope what paul ryan does is something fundamentally different than what mitt romney does, and that is i hope he comes with just a modicum of truth and willing to defend their policies rather than to admit somehow they don't exist. >> and, finally, will we see a different game from president obama in the next debate? >> well, again, i think now that barack obama has had the opportunity to meet both mitt romneys, i don't doubt that he'll make some adjustments. i know he's looking forward to the next debate. >> robert gibbs, thanks very much for your time this morning. >> george, thanks for having me. >> let's hear from the romney campaign. ed gillespie joining us this important. ed, thanks for getting up this morning. you heard robert right there, masterful, theatrical, fundamentally dishonest. i guess his basic point n
ABC
Oct 9, 2012 7:00pm EDT
i approve this message. >> welcome back to battleground virginia. of economy is at the center election, and at the center of the economy is small business. talk a lotpaigns how they are going to help small businesses. visited one in loudon county. let's take a look. >> loudon county, virginia, has history of bootleg whiskey. probably find some still in business there. some legaly whiskey. despite attala lack of experience, scott, a former technician, and his wife, becky, a chemical engineer, started to build their distillery in 2009, in the depths of the recession. put in a lot of personal equity, but there is also help that comes with it. they had a loan from the small business administration. now their top concern is health care. >> is very difficult to find options for company the size of ours. it remains to be seen. about an hour's drive away, visited this real estate office. time they had 20 agents of three offices, then at the real estate .ubble burst >> when barack obama talks his predecessor's policies responsible, how you respond to that? phooey. >> he has to take res
CBS
Oct 5, 2012 5:30pm PDT
from august. the economy created 114,000 jobs and the labor department revised upward the job creation numbers for the previous two months. it now says 181,000 jobs were created in july and 142,000 in august. a total of 86,000 more than first reported. we asked anthony mason to tell us what's behind these improved numbers. >> reporter: in circle pines, minnesota, where delkor systems makes food package magazines, c.e.o. dale anderson has hired 40 people this year and now has 160 employees. >> i think the economy has really -- it's picking up. >> reporter: ryan is one of these new workers. after leaving his job in construction, he retrained to become a machinist. d i chose manufacturing for the reasons that, you know, it's not -- doesn't seem as affected by small swings in the economy. >> reporter: delkor tripled its research and development budget during the recession. it's paid off. anderson is building this new heant. >> that's the reason we're moving and we have plans to continue hiring. >> reporter: nationally the fconomy has added an average of more than $145,000 jobs ove
FOX Business
Oct 10, 2012 4:00pm EDT
hard landing. stabilizing around here helping out the world economy tremendously but in my opinion still remains to be seen. i am not quite sure, china will hold 7.5% level. sandra: charlie, you see reason to play defense into the upcoming election. in fact, you say there is a way to say if romney wins or if president obama wins. what would that exactly be if there was various outcomes to the election, obviously? >> i think the chances are that capital i believe pretty much on strike for most of this year is going to see the potential for better economy, the first year of any administration doesn't tend to be that good of a year for the market or the economy. the market would definitely see the possibility to come off the sideline in the later part of next year into 2014. your previous guest talking about how a win for obama pretty much has been discounted, but if you see it, it'll be capital sitting on its hands for the next four years. david: if in fact obama wins the election, fiscal cliff is resolved, therefore you think all this cash, we are seeing great market again, but it h
FOX Business
Oct 6, 2012 12:00am EDT
of another 68,000. and so we're seeing steady improvement in this economy. i will talk for a minute as employer. i've been in the private sector for two decades. i'm in a community that had double-digit unemployment. we're seeing job growth and seeing employers beginning to hire again. would i say this i have every faith and confidence that the data put out by the federal government is fair, nonpartisan. tony who was, george bush's deputy press secretary said of course these aren't manipulated. melissa: i didn't accuse you of manipulating them. i don't for one second doubt them. i'm saying the two surveys, the numbers are very different. 1, one, 8 -- 873,000 added. but 750,000 showing up working on one but not showing on payrolls. that means they're not working in offices. maybe they're selling stuff on ebay, working part time. doing things that don't show up. how do you reconcile those 7508,000 people who aren't showing up on payrolls? >> well, i'm not sure i can specifically reconcile. i will tell you these surveys tend to have lags in them. again the trend line is absolutely clea
CNBC
Oct 11, 2012 2:00pm EDT
of the chinese economy prompted by the chinese government, i think dry bulk shipping will come back. those stocks have been beating down to dirt-cheap levels. just recently a lot of reits, especially the mortgage agency reits have been trading below book value on concerns that dividends will be lower. i think if you pick up some of those below 95% of book value, those are cheap as well. >> if you can get them at that price. it is always about the price. neil, blankfein is a buyer of this market. should moms and dads, retail investors, be buyers of this market? i know that we've had a few down days. i know that we're off the multi-year highs but we're not far off. do you think that at these levels mom and dad should be in participateing? >> absolutely. where the money's going over a trillion dollars has going into fixed income products or bond funds in the last year-and-a-half, $3.5 billion has come out of mutual funds, equity funds. you're getting no return in the fixed income market. that's going to be really tragic is if rates do ratchet up, the individual investor is going to los
FOX News
Oct 13, 2012 10:00am EDT
economists said this is simply going to cost the economy one full percentage point off the gdp. do the math. one full percentage point is roughly what we are growing right now so that could easily turn us back to a recession. you might be asking yourself, why aren't they talking about it? why aren't they coming up in the debate? stapleton wants to know the same thing. he has been crumpling all of this. he has sort of a worst case scenario that could develop here, that isn't entirely unlikely scenario if they do nothing. spell it out, bit-by-bit. what do you see happening assuming there is no deal at all? >> assuming there is no deal, we're in a world of trouble for the american family. this is crisis or catastrophe. you know, government oftentimes doesn't work to resolve problems until they become crisis. waiting for a company in private sector to hit chapter 11 before refining the sales process. this has implication for every american family. we are talking about 90% of families in america paying higher taxes. talking about reduction in income of $3,500 per american family. talking ab
CSPAN
Oct 8, 2012 8:00pm EDT
infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate,
CSPAN
Oct 11, 2012 12:00pm EDT
first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships is
WETA
Oct 12, 2012 6:30pm EDT
the economy. the university of michigan's latest reading on consumer sentiment hit a five-year high. that comes as the treasury reports the u.s. budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. giov >> i think it's very hard to predict real estate prices now because the world is in such an unusual situation. there are so many ifs. and because we just recovered from the biggest housing bubble in u.s. history. so we're really in uncharted territory right now. >> reporter: shiller says one problem for the housing market is there is really no sense of urgency for potential home buyers to pull the trigger on a purchase. interest rates are expected to remain low for the foreseeable future and housing prices really aren't rising that much. diane eastabrook, "n.b.r.," chicago. >> susie: best buy is revving up its holiday
FOX News
Oct 6, 2012 10:30am EDT
work on this, the whole economy is going to come skidding to a halt. >> and ben, the irony of course the debates focused on the economy and this seems like question he number one. >> i'm floored, charles, i'm glad you brought it up. the sequester is probably as bad an idea as ever come out of congress and the white house. the idea to me in particular, of cutting the defense budget, 5% of the budget, equally, roughly 5% of gdp, very, very roughly, more like 4%. >> right. >> ehe quali with domestic spending is just insanity, it's suicide. if mr. osama bin laden were still alive, he would like us to be doing this. everyone would like us to be disarming unilaterally and it makes no sense at all. >> adam, i've got to say, mitt romney brought up simpson bowles, even though the question was never asked and acknowledging the question something needs to be done. >> he brought up simpson bowles, and either candidate is discussing the fiscal cliff, there isn't much difference between them. a pox on both their houses. >> it's a bipartisan mistake and problem. i don't disagree with what jerry and
KCSMMHZ
Oct 10, 2012 6:00am PDT
private-sector money is flowing out of peripheral economies in europe back to the core ones. that's been pushing up borrowing costs for governments and banks in countries such as spain and italy. vinals said neighbor nations need to do their part toward stability. policymakers need to build stronger firewalls and establish a banking union and a single supervisor. he said weak banks need to restructure their financing. now, vinals said what's happened in europe should serve as an example for financial leaders in the united states as well as here in japan. he said waiting until the strains become clearer just leads to harsher outcomes. vinals says japan's high level of debt presents a stability risk and said the government leaders need to deal with budget problems. they pointed to commercial bank holdings of government bonds as yet another risk. they project in five years bonds could make up a third of those banks' total assets and they warned those institutions would suffer heavy losses if interest rates rose. now, vinals said japanese leaders need to be more vigilant about their risks. i
FOX News
Oct 13, 2012 7:30am PDT
the bottom 10% to 15%. you argue that nothing puts chill in the economy more than that. >> absolutely. we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know. he's promising that for one year he won't raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. af
FOX
Oct 11, 2012 4:00am PDT
expect. and, we'll get inside the brainstorming session of politicians who hope to revive the economy. what to watch in the stock market ahead of tonight's vice presidential debates. plus, will oscar buzz surrounding a new movie help put it at the top of the box office heap? and are traders hopping in the costco shopping cart? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, october 11th. i'm angela miles. in today's first look: debate night as vice presidential candidates joe biden and paul ryan square off in primetime. yesteday turned into another downer for the market. alcoa and chevron weighed heavily on the dow. gold ended the session flat and oil dipped by nearly a dollar. and the winter heating outlook is in. following last year's warm winter, some americans will get a sticker shock this year, especially those using heating oil. those bills are projected to rise 20%. lately the hot market has been cooling off. phillip streible of rjo futures joins us. good morning to you. what's your
LINKTV
Oct 11, 2012 11:00am PDT
today is beginning to court the global economy throh e sale ofydroeltric power. geof its indigenous tions wd its natural environment. the mekong river traces an 1,100-mile path through or along the border of laos. the river has also been a barrier between laos and its neighbors. now there is a road, where before there was none. in 1994, the friendship bridge gave laos its first land link with the outside world, through thailand to the west. the bridge may symbolize a connected future, but laos in the here and now remains among the poorest countries in the world. ( rooster crows ) it is the least developed country in the lower mekong basin. life expectancy is low, about 53 years. ( rooster crows % of cn e ourished. the potential changes brought by economic development are enormous. the soil here is rich and fertile. laos remains a largely agrarian society. lowland peoples practice wet rice farming. the capital, vientiane, has a population of just half a million. the rest of the 5½ million laotians are spread over 155 million square miles of land. it'she sonlowestpulaon dena aand the
CNN
Oct 13, 2012 6:00pm EDT
here in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are pri
CNN
Oct 7, 2012 9:00am EDT
guy. he has committed his life to understanding the problems of our economy, presenting a plan for the american people, so i think that paul is going to do -- going to do a great job, but i also think it's very important for people to understand, and i think people realize that joe biden is a gifted or ator. he is very good at rhetoric, and i think is he very relatable so i think it's two different people, and i think it's going to be a great night. >> have you talked to ryan at all about his debate performance, what he needs to do, that whole thing? >> sure. paul is one of my very good friends. i talk to paul all the time about a lot of different things, but i think he is taking it very seriously. sure. i think both parties should be nervous. i mean, it's a big night. it's a big -- it's always going to be a big night. >> do you think it makes a difference? there are a lot of people who say, look, the debates are a side show. it's all about -- do you think that ryan has to keep the momentum going from what was widely seen as a mitt romney win in denver? >> we had a good week last w
FOX Business
Oct 12, 2012 9:20am EDT
economy, how does the consumer feel about the so-called recovery? we bring you new numbers on that at the top of this coming hour. and let's go to nicole. we have news on apple's mini ipad. what's the news and what's the stock doing? >> oh, the speculation is swirling. well, we'll see whether or not apple takes off the-- and goes under the the wraps here. october 23rd, the day we're looking for. this may be the day we learn a lot more about the ipad mini that we have been talking about here on "varney & company," right. stuart: when we learn a lot more, what will it be? the specs on the thing, how big, how small. >> i don't know. invitation only event. it was reported all things d on today. and we've talked about the fact that the ipad is 9.7 inches, the ipad mini based on some of the analysts who went over to asia and saw some of the displays being ordered were speculating it could be 7.8 inches, so 7.8 rather than 9.7. and so, it will be smaller and will be able to compete, obviously, more readily with the kindle fire and the other smaller types of tablets. stuart: i just find th
CSPAN
Oct 12, 2012 9:00am EDT
force. host: chris berber berber -- christopher rugaber, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis
FOX News
Oct 9, 2012 8:00am PDT
hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from sesame street
CNN
Oct 14, 2012 6:00am PDT
we going to build this economy from the middle out? are we going to give people opportunity and make the needed investments to give them that opportunity, or are we going to do this from the top down, the perspective that the romney campaign? >> so would you concede -- i want to show our viewers the swing state polls are out, and you know what they say by and large. they say that in most cases in these swing states and, indeed, nationally, mitt romney is eier closed the gap or he is now surpassed president obama in states that the president was ahead in. would you concede it was a pivotal debate that changed how folks looked at least at mitt romney? >> well, look, i think mitt romney's performance was, indeed, magical and theatrical. for 90 minutes he walked away from a campaign he had been running for more than six years previous to that. look, we always expect -- >> the president didn't call him on it at the time, so wereou all aware of that? i love teachers. we ought to hire more, all in contradiction to specific campaign platforms and statements that he has made in the past. i do
FOX Business
Oct 11, 2012 9:20am EDT
tough economy, the tablet wars and sales in emerging countries are some things weighing on the pc company. >> and that, you see, nicole, windows 8 will make all the difference in the world in the pc market and i'm telling you. >> yeah, i've got muscle, i've got microsoft muscle. i hope for you, stuart. stuart: thank you. dow jones industrials opening with a rally back above 13,400. 57 this morning. to the jobless numbers we brought. the number looks good on surface, 339,000 new claims, down 30,000, a big drop. you have to look deeper, the labor department says one large state didn't report their numbers. that really changes things. this number certainly can't be compared to any previous numbers because that one big state, unnamed, is missing. we'll likely get the real number about a week from today, maybe, when this number may be revised, but why would you put out an incomplete report? i ask you. the newest poll from michigan shows mitt romney tightening the race there. president obama still leads by 6 points, 50-44. michigan is a heavily union state, got it. the obama campaign al
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